Houghton Mifflin Harcourt Aktie

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WKN DE: A1W7FR / ISIN: US44157R1095

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05.02.2016 22:46:00

Houghton Mifflin Harcourt Publishers Inc. -- Moody's downgrades Houghton Mifflin Harcourt's CFR to B2, outlook is stable

New York, February 05, 2016 -- Moody's Investors Service ("Moody's") downgraded Houghton Mifflin Harcourt Publishers Inc.'s ("HMH") senior secured bank credit facility rating to B2 from B1. The Speculative Grade Liquidity Rating was lowered to SGL-2 from SGL-1. Moody's also downgraded the company's Corporate Family Rating to B2 and its Probability of Default Rating to B3-PD. The rating outlook is stable. The action reflects underperformance of HMH business relative to expectations, combined with a more aggressive financial policy toward share buybacks.

Vollständigen Artikel bei Moodys lesen